City of Albany Home Acquisition Program (HAP)

Administered by: Albany Community Development Agency · City · Deferred Loan

Funding status: Active

How much assistance

Up to $14,900 (Deferred Loan)

Eligibility

  • Income limits: Annual household income under 80% of Area Median Income
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Must purchase a 1-4 unit owner-occupied property in the City of Albany.
  • Homebuyer education required: Yes

How to Apply for City of Albany Home Acquisition Program (HAP)

Step 1: Contact the Albany Community Development Agency at (518) 434-5265. Complete homebuyer education through a HUD-approved counseling agency such as the Affordable Housing Partnership (AHP) at (518) 434-1730. Funds are available when appropriated and are subject to availability.

Visit program website

Notes

Provides assistance for down payment and closing costs. Some sources cite up to $10,000 (5% of purchase price); the maximum available is $14,900 based on need. Administered through AHP Homeownership Center.

Cities Where This Program Is Available